Bitcoin shows strong chart formation, Dan Tapiero notes

Dan Tapiero, founder & CEO at 10T Holdings, points out a bullish cup and handle chart pattern forming in Bitcoin.

He describes the cryptocurrency setup as a textbook example, suggesting an optimistic price move may be on the horizon.

Tapiero has previously discussed crypto price action, noting Zcash's 25x surge over the past year in recent commentary. He has also highlighted trends in both gold and Bitcoin as major currency pairs moved, commenting on USD/yen intervention and rising JGB yields in earlier analysis. His latest observations add to his regular focus on technical signals and market cycles.

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